449 Canal St Bloomington, WI 53804
- Commercial real estate
Current Use by Public Records
- Bluejays Bar & Grill / Bar & Grill
- Cheer Payroll / Payroll Service
Property Details for 449 Canal St
- Property type
- Commercial real estate
- APN
- 107-00158-0000
- APU
- 107001580000
Description
This well-established tavern at 449 Canal Street, Bloomington, WI, presents a fantastic turnkey opportunity for a new owner. The 1,512 square foot building boasts a recently updated interior, including a new bar top, flooring, cooler, kitchen grill, and fryers. This ensures a smooth transition for the buyer, minimizing upfront investment and maximizing immediate revenue potential. The bar has enjoyed a long history as a popular local establishment in southwest Wisconsin, building a loyal customer base. Adding to its appeal is a one-bedroom apartment located below the bar, currently generating $500 per month in rental income. This provides an additional revenue stream, enhancing the overall profitability of the investment. The property is offered at $164,900 and is ready for immediate operation. The location in Bloomington, WI offers easy access to local residents and provides a strong foundation for continued success. This is a rare opportunity to acquire a profitable, established business with recent upgrades, ready for a new owner to step in and continue its legacy. The combination of a thriving bar and a rental apartment makes this a truly unique and attractive investment. Don't miss out on this chance to own a piece of Bloomington's history and secure a promising future in the hospitality industry. Schedule a showing today.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $105,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $95,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $105,000
- Retail
- $100,000
- Mixed-Use
- $115,000
- Hospitality
- $125,000
- Educational
- $140,000
- Residential Income
- $105,000
- Energy
- $110,000
- Income-Based Land
- $135,000
- Food Service
- $135,000
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Grant
- State
- Wisconsin
- Longitude
- -90.9252
- Latitude
- 42.8831
- CBSA code
- 38420
- CBSA name
- PLATTEVILLE, WI MICROPOLITAN STATISTICAL AREA